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How Insurance Claims Can Contribute To Lost Funds In Your Name

Your insurance company could be holding onto lost funds in your name. The federal government and all fifty states are holding onto billions of dollars in unclaimed money and lost property. Some of that money, a good portion in fact, comes from uncollected insurance claims. If you have ever suffered an accident, fire or force of nature, you might have lost funds waiting for you to step forward, search for and claim them.

 

How Insurance Claims Become Lost Funds

Insurance companies are in the business of mitigating risk. If you have a business, you might purchase insurance to protect that business against interruption in case you are ever sick or disabled. You have car insurance to protect you in case of an accident and you might have homeowner’s insurance to protect from flood or fire.

If you do suffer an accident and you are forced to file an insurance claim against your insurance policy, your insurance company will usually mail you a check. Believe it or not, some people never get their checks and the money becomes lost. Some people don’t even know they have a claim coming to them. Then there are the instances where the insurance company makes a mistake and has to issue you a refund or more money if the check they sent was short.

In any case, these lost funds will usually get sent to the treasurer’s office in the state where you reside. From there the money will sit, sometimes up to three years, before it is considered to be abandoned. That means you must act now and search for lost funds to ensure that you don’t have any lost insurance claims in your name.

To search, simply use your first and last name and hit submit. The database will determine if you have lost funds in a matter of seconds. The search is free and if money is found you will be able to claim those lost insurance claims with a few easy steps.

Do you want a nice check from your insurance company for a change? Search for lost funds right now and you might find that you have a lost insurance claim with your name all over it.

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When you perform a free trial search on CashUnclaimed.com we display the total dollar amount in unclaimed funds that we show reported by the appropriate government agencies. This does not guarantee that this money is 100% absolutely yours. What it means is that there is that total dollar amount shown by government agencies under your name and common variations of your name at the last time we had the information available to us was reported as unclaimed and is able to have a claim form submitted to be paid that amount. For more information please read our terms of use by clicking the link above.